NewsWhore
08-01-2011, 03:20 PM
Measures taken by local banks to reduce credit card fraud, primarily related to credit card sales at gas filling stations, appear to have been effective. As reported in El Dia, fraud at gas stations is down from a peak of around 13% in June 2010 to 1.7% in June of this year, as reported by the Association of Commercial Banks. Preventive actions, including monitoring of employees and other measures resulted in the decline in fraud instances, down to 12.7% in July 2010 to 10.5% in August, 3.6% in September and 2.7% in October 2010, as reported in El Dia.
The president of the National Association of Gasoline Retailers, Rafael Polanco says that 40% of gasoline sales are with credit cards, a total of RD$800 million last year. Polanco said that credit card companies had earnings of RD$18 million on credit card sales at gas stations.
More... (http://www.dr1.com/index.html#5)
The president of the National Association of Gasoline Retailers, Rafael Polanco says that 40% of gasoline sales are with credit cards, a total of RD$800 million last year. Polanco said that credit card companies had earnings of RD$18 million on credit card sales at gas stations.
More... (http://www.dr1.com/index.html#5)